latest news releases from the newsroom
Blyth, Inc. Announces Completion of Plans for Reverse Stock Split
GREENWICH, Conn., Jan. 29, 2009 (GLOBE NEWSWIRE) -- Blyth, Inc. (NYSE:BTH), a leading multi-channel designer and marketer of home fragrance products, home decor products and household convenience items, announced today that its Board of Directors has approved a 1-for-4 reverse stock split of its common stock. The reverse stock split will be effective at 6:01 p.m., New York City time, on January 30, 2009.
Propalms, Inc. to Host Second Annual Shareholders Meeting Tomorrow
MALTON, England, Jan. 29, 2009 (GLOBE NEWSWIRE) -- Propalms, Inc. (OTCBB:PRPM) is pleased to announce that the Company will be holding their second annual shareholders meeting tomorrow, January 30, 2009 at 10:00 am. The Company mailed proxy statements on Friday, December 26, 2008 to all shareholders of record as of December 16, 2008. Propalms plans to discuss its plans for expansion in 2009, as well as other business developments happening within the Company. Shareholders are urged to attend the 2009 second annual shareholders meeting of Propalms, Inc., to be held at the Hilton Orlando/Altamonte Springs Hotel, Amphitheater Room, 350. The Hilton Orlando/Altamonte Springs is located at S. Northlake Blvd., Altamonte Springs, FL 32701.
Appalachian Bancshares, Inc.
Appalachian Bancshares, Inc. Reports 4th Quarter Results
ELLIJAY, Ga., Jan. 29, 2009 (GLOBE NEWSWIRE) -- Appalachian Bancshares, Inc. (Nasdaq:APAB), holding company for Appalachian Community Bank, Appalachian Community Bank, F.S.B., and Appalachian Real Estate Holdings, Inc. reported consolidated total assets of $1.2 billion, at December 31, 2008, compared to $971.2 million at December 31, 2007, an increase of 22.2%. Total gross loans were $885.4 million at December 31, 2008, an increase of $77.9 million, or 9.6%, when compared with $807.5 million at December 31, 2007. Deposits grew to $1.0 billion at December 31, 2008, an increase of $205.7 million, or 25.5%, when compared to $807.6 million at December 31, 2007.
Sandy Spring Bancorp, Inc.
Sandy Spring Bancorp Reports Fourth Quarter and Full Year Results
OLNEY, Md., Jan. 29, 2009 (GLOBE NEWSWIRE) -- Sandy Spring Bancorp, Inc., (Nasdaq:SASR) the parent company of Sandy Spring Bank, today announced a net loss available to common shareholders for the fourth quarter of 2008 of $3.8 million ($.23 per diluted share) compared to net income of $8.4 million ($.51 per diluted share) for the fourth quarter of 2007 and net income of $5.4 million ($.33 per diluted share) for the third quarter of 2008. The fourth quarter of 2008 includes a pre-tax impairment charge of $1.9 million to write down the remaining value of goodwill in the Company's leasing subsidiary, The Equipment Leasing Company, and a provision for loan and lease losses of $17.8 million, related primarily to the residential real estate development portfolio.